Commercial Property

Birmingham office block to undergo major overhaul

2025-10-21 20:32:02

Commercial Property

Manufacturer secures huge land deal in Birmingham

2025-10-26 17:27:38

Commercial Property

Lord Alan Sugar's property firm recovers amid challenging market conditions

2025-10-03 07:34:01

Commercial Property

Games Workshop shares surge after positive trading update, driven by Warhammer sales

2025-10-03 10:59:00

Commercial Property

'Oven ready' employment site could be built just off the M6

2025-10-16 20:33:27

Commercial Property

UK business optimism 'slumps' in Budget gloom

2025-10-09 20:41:48

Keep Moving Forward
Commercial Property

Town centre sees 'much-needed' regeneration work begin after traders demand market changes

2025-10-19 11:07:57

Refurbishment work on Hyde's outdoor market has commenced, with completion expected by early 2025. Tameside council started the project last week to enhance the town centre for businesses and visitors. The plan includes replacing the fixed market stall on the outdoor market with parasols and creating a more flexible space for community events. Tameside Council's masterplan for Hyde emphasised that a versatile space for markets and events, complemented by new plantings, would attract more visitors. The existing outdoor market, rebuilt in 2012 at a cost of £1.2m, requires further improvements according to market traders. These enhancements include removing four of the six fixed market stalls and installing a more flexible parasol system, while keeping two of the existing fixed stalls. Other tasks involve extensive tree maintenance, replanting granite planters, improving Millennium Park, installing new decorative lighting, and other undisclosed projects. A funding of £737,000 from the UK Shared Prosperity Fund and the Hyde Accelerator Programme is being utilised for these works. Coun Stephen Homer, who is in charge of towns, transport and connectivity, said: "These works will kickstart the much-needed regeneration of Hyde town centre building on some recent improvements to the town. Further projects are proposed as part of the Hyde Accelerator Programme which include improving greenspaces and planting to make the town centre more attractive and welcoming for visitors and local people alike.", reports the Manchester Evening News. He also mentioned that "The changes to Market Ground will ensure this key civic space in the heart of the town can operate more flexibly for events including markets and other activities." He outlined that several engaging events aimed at attracting more visitors were on the agenda, highlighting past and future attractions such as the Halloween event with its Lantern Parade, and the anticipated Christmas Market at the town hall. Town hall leaders have indicated that the market improvements should be finished by early 2025.

read more
Commercial Property

Restoration of Hull's landmark Burton building progresses under Wykeland plans

2025-10-08 04:59:11

A landmark historic property in Hull has been revealed after undergoing a major regeneration by a city-based developer. The 1930s Burton building - the original home of menswear retailer Burton - has been re-established by Wykeland Group as commercial and leisure space. Scaffolding has now been removed from the prominent art deco property, which once completed will provide 12,700 sqft of prime city centre space over five floors. Replacement granite cladding for the building - now called Burton House - has been sourced from the same quarry in Norway as the original stone, which dates back to the mid-1930s. And its art deco windows have been replaced with new signage to be installed. Work so far on the upper floors has refurbished the original lift and now internal walls will be removed to create open-plan work areas. The project includes 2,400 sqft of retail and restaurant space on the ground floor and 1,600 sqft of basement area that could be used for back-of-house. On the first, second and third floors, there will be 2,500 sqft of office and commercial space. Jonathan Stubbs, Wykeland development director, said: "There has, unsurprisingly, been a huge amount of excitement and anticipation surrounding the regeneration of the Burton building. As one of the best-known landmarks in Hull, we’ve approached this project with a great deal of care and sympathy. With the scaffolding now removed, and the restored exterior of the building revealed, people can envisage how Burton House will transform the entrance to Whitefriargate. "As the project has progressed, we have had growing levels of interest from potential leisure and retail occupiers of the ground floor and basement accommodation, looking to make the most of this rare opportunity to move into a prime, regenerated city centre space. We expect that demand will further intensify now people can see the quality of the restoration we are carrying out." Grant funding for the Burton House project includes £750,000 from the Levelling Up Fund Grant Scheme, allocated by Hull City Council and a further £450,00 from Historic England. For Wykeland, the project is the latest part of long-term regeneration effort that includes a number of its properties between Whitefriargate and Alfred Gelder Street. Coun Paul Drake-Davis, Hull City Council’s portfolio holder for regeneration, said: “It’s wonderful to see Burton House being rightly restored to its former glory. For people visiting the city centre, it is a symbol of the wider regeneration of Hull which simply could not happen without companies like Wykeland.

read more
Commercial Property

27-storey tower and student digs that could 'overshadow' Victoria Baths among key developments approved for Manchester

2025-10-24 05:33:06

Manchester has given the green light to a 27-storey building and a significant revamp of a student accommodation complex.. The council's Planning and Highways Committee reviewed plans for several large developments, which will collectively bring about 1,500 new homes to the city, in their meeting on November 21. These include a high-rise on Sparkle Street, behind Piccadilly Village, 237 apartments in Cheetham Hill, a residential development at the old Nello James building in Whalley Range, and the partial demolition and extension of Victoria Point in Ardwick. A proposal to demolish two out of six existing student accommodation buildings and extend four others on Hathersage Road has also been approved. Empiric Student Property is set to construct a new four-storey and twelve-storey building at Victoria Point, a student apartment complex situated around the Grade II* listed Victoria Baths. The project will nearly double Victoria Point's capacity, accommodating 876 beds across 694 self-contained apartment units ranging from two to four-bedrooms. Designs submitted by Bell Phillips and 5plus feature communal terraces and ground floor commercial space, which the applicant's agent believes will make it a 'destination' for the surrounding area. Local residents raised 18 objections against the proposed construction of a twelve-storey building, citing concerns over loss of light and an influx of students potentially 'destabilising existing communities'. Historic England also weighed in, describing the structure as 'incongruous and conspicuous' beside the neighbouring listed baths, potentially diminishing its historical significance, reports the Manchester Evening News. However, councillors ultimately ruled that the economic advantages and the need for student housing took precedence. In another development, plans for a towering 28-storey building on Sparkle Street have been given the green light, despite a local councillor's warning that it would 'dominate' the adjacent Piccadilly Village. The three-part complex, consisting of sections reaching 10, 27, and 28 storeys, is set to deliver 359 new apartments and is expected to contribute approximately £22.3m to the local economy. Foras, the developers behind the project, have committed £228,000 towards affordable housing within the city, although the highrise itself will not include any affordable units. The scheme also includes the creation of two new disabled parking bays and a car club space, achieved by relocating current pay and display spots, in addition to providing 359 secure spaces for bicycles. Local councillor Jon Connor Lyons expressed his concerns, stating: "This scheme will dominate Piccadilly Village, which comprises townhouses and up-and-down flats at two or three storeys. [...] This completely knocks off balance the communities of [the surrounding area]." Planning officers have acknowledged that there 'will be noticeable impacts' on neighbouring communities from a new development, but they argue these are 'not unusual' in areas designated for city centre regeneration such as the Piccadilly area. The application was approved with only one vote against it. A new 23-storey apartment block is set to alter the North Manchester skyline as Cheetham Hill Road becomes home to nearly 240 apartments. The £70m project, led by developers Zephyr X, promises to deliver a 'vibrant residential scheme' with 'a positive social impact'. The tower will replace a vacant plot previously occupied by a car showroom and hand car wash, offering 155 two-bedroom and 82 one-bedroom flats, along with a ground floor shop or cafe, amenity areas and bike storage. The applicant's agent, Mr Cameron Radford, assured that local businesses would be prioritised for the commercial space and construction. Manchester councillors praised the 'considered' scheme 'that could provide homes for families', noting features like children's play equipment on the roof terrace and a shared parcel storage area. Construction is slated to begin in 2025, with the opening of the block scheduled for 2027. Meanwhile, a decision to transform a historic site in Whalley Range into a housing complex featuring 35 homes has been deferred by the council. Views Holdings Ltd has proposed to partially demolish the existing building at 136 Withington Road, with plans to construct 31 one and two-bedroom apartments and four townhouses. Two of these houses will have two bedrooms, while the other two will feature three bedrooms. The designs, drafted by Ollier Smurthwaite Architects, depict a transformation of the former Nello James Centre, a community space named after historian and political activist C. L.R. James. Currently, the building is in a 'state of disrepair', as described by an agent for Views Holding, with frequent instances of antisocial behaviour reported on the site. The developers' plans include restoring much of the site and 'sympathetically extending' it. However, councillors have expressed concerns over parking and tree planting, deciding to visit the site before making a final decision.

read more
Commercial Property

Insurance brokerage moves to new base

2025-10-10 04:19:03

An independent insurance brokerage has expanded into a new office in Birmingham. Norton Insurance Brokers has relocated to Lyndon House, in Hagley Road, which it said marked a significant step in the company's growth. The insurance specialist is occupying around 5,500 sq ft over two floors at the new base. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. Managing director Mark Wilkinson said: "We're delighted to have moved into our new office at Lyndon House. "This is the next chapter in our journey and we are excited about the opportunities it brings as we continue to serve our clients and grow as a business." Levi Bailey is group operations director at Switch Management which manages Lyndon House. He added: "Joining a number of leading organisations, Norton Insurance Brokers will make a brilliant addition to Lyndon House which is the perfect space for ambitious businesses looking to scale up their operations. "We look forward to being part of their journey as they continue to grow."

read more
Commercial Property

Latest apartment complex completes in Birmingham

2025-10-12 06:44:10

Work on almost 400 new apartments has reached practical completion, marking the end of the first phase of a major new residential scheme in Birmingham. Loudon's Yard in Edgbaston has been delivered by Moda Living and contains 398 units to rent, ranging from studios to three-bedroom apartments, along with 14,000 sq ft of amenities including a gym, private dining room, co-working space and communal gardens. There is a concierge service and a programme of events and services run by an on-site team. Harrogate-based Moda Living said the design and materials used in Loudon's Yard were inspired by the nearby Birmingham Botanical Gardens. Its name is inspired by Jane Loudon, the Birmingham-born author who published gardening books and whose husband John designed the botanical gardens. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. Delivery of phase one, which started to welcome its first residents earlier in the summer, created 5,569 weeks of local employment, including 31 apprentices and eight placements from local universities and colleges. The main construction contractor was Northampton-based Winvic. Loudon's Yard is part of the wider New Garden Square masterplan on land bordered by Hagley Road and Beaufort Road which could eventually comprise 2,400 homes, £6 million worth of public realm and other commercial space across 11 acres. The second phase of the masterplan received planning permission in August and will have a 37-storey building containing 462 apartments to rent and amenities including a roof terrace. New Garden Square is being delivered in partnership with Calthorpe Estate, the historic, family-owned Birmingham property group which owns large swathes of land in the Edgbaston district. Andrew Parker, managing director of development for Moda Living which is also operating the scheme, said: "It's fantastic to have reached practical completion at Loudon's Yard. "It marks just the beginning of our partnership with Calthorpe Estates for the New Garden Square masterplan which will deliver outstanding new homes and spaces that will transform this part of Birmingham for the long term." Moda Living is behind other projects in Birmingham including the 42-storey Mercian in Broad Street and a project currently under construction on the former Ludgate Hill Car Park in the Jewellery Quarter. Haydn Cooper, chief executive of Calthorpe Estates, added: "The completion of Loudon's Yard represents an exciting milestone for Edgbaston and it's a proud moment for us at Calthorpe Estates to see our partnership with Moda Living bring this vision to life. "We look forward to continuing to create exceptional places with Moda as part of the New Garden Square masterplan." Mark Jones, managing director for multi-room at Winvic, said: "Reaching practical completion at Loudon's Yard is a proud milestone that reflects the dedication of our team and supply chain partners. "This 398-home community not only brings new housing and amenities to Edgbaston but has also created valuable employment and training opportunities for local residents and young people.

read more
Commercial Property

London's commercial property market to keep growing as staff ordered back to the office

2025-10-21 19:36:21

The emergence of optimism earlier this year in London's commercial property market appears set to persist into 2025, with property firms positioning themselves for a "cyclical growth opportunity". The London-listed property developer Helical signalled a slight rebound in the value of its portfolio post several years of market volatility, as reported by City AM. Matthew Bonning-Snook, Helical's chief executive, commented on his strategic focus to "best capture the cyclical growth opportunity". The company is looking to carve out a portfolio of high-end office spaces in anticipation of a coming shortfall in quality supply. Meanwhile, Shaftesbury Capital, the West Ends most extensive landlord, conveyed to investors that leasing demand remained "strong across all uses" during the third quarter. Its properties were described as "busy and vibrant coming into the Christmas trading period". The firm has executed an impressive £15.9m in new leases and renewals in the latter half of the current year, showing a nine percent increase on figures from June 2024. These positive findings sustain the post-election move towards equilibrium in the property sector, especially as interest rates decline. Just earlier in November, both Cushman & Wakefield and Savills reported signs of stabilisation within central London's property market, and Landsec, a leading British property investment trust, published half-year results echoing this pattern. In recent months, major companies including PwC, Santander and Amazon have been encouraging their employees to return to the office. Just last week, PwC informed its staff and partners of a new hybrid working policy that would necessitate at least three days a week spent with clients or in the office. Both Boots and HS2-builder Laing O'Rourke have mandated full-time office returns for their workforce. Many firms are expressing hopes for increased face-to-face collaboration, which could potentially lead to a much-needed productivity surge. This trend is expected to stimulate demand for commercial office space, possibly reversing the post-pandemic downsizing trend. Landsec has specifically observed a shift towards "high-quality space in best locations" sustainable, high-tech and modern offices. "The good availability of credit remains supportive to this [trend], although we are mindful that changes in longer-term interest rates will likely influence the pace at which momentum improves from here," Landsec commented. When it comes to office space, there's a shortage of high-quality buildings that comply with government sustainability and energy guidelines (though this is increasing), while retail firms are vying for shops in prime locations as they concentrate more on flagship stores. Changes to energy efficiency requirements mean that most office spaces in the capital won't meet the minimum standard for leasing within the next four years, leading to a flight to quality in the market. In the retail sector, Sam Foyle, co-head of global retail at Savills, noted that retailers are "responding to evolving consumer preferences, focusing on securing strategic locations to enhance brand presence." Landsec, a multi-sector real estate operator, has observed a shift among retail brands towards fewer, larger, and superior stores, with "significant upsizes and lettings" from leading brands such as Primark, Pull&Bear, Bershka, Sephora and JD Sports. Consequently, many firms have cautioned that limited supply will drive up commercial property prices. Savills' research revealed that prime commercial rents increased by 1.5 per cent between Q2 and Q3 of 2024. Over the past year, rents have surged by 13.1 per cent. However, Helical has declared that "now is the time to build" and earlier this year, GPE, one of London's largest landlords, announced plans to raise up to £350m to invest in new properties across London.

read more
Commercial Property

Office block above night time 'strip' set to be transformed into 14 flats

2025-09-29 06:15:50

Plans have been put forward to convert the upper floors of the Victoria Buildings on Bury's bustling Silver Street into 14 new flats. Previously utilised as office space, the planning application reveals a stark decline in occupancy rates from 80 per cent in 2017 to a mere 10 per cent by 2019, with the building becoming entirely vacant in 2023. Silver Street is known for its nightlife, hosting an array of bars, restaurants and nightclubs, reports the Manchester Evening News. The proposed development aims to repurpose the commercial upper floors into residential units, offering 10 one-bedroom and four two-bedroom flats for market sale. Should the plans be approved, all existing windows will be replaced, although no other external alterations are expected as the redesign is intended to accommodate the current structure. A design and access statement submitted by the applicant, Mr R Sidebottom, highlights: "The site at Silver Street is located within a central, highly accessible urban area." The plans state: "The proposed density of 14 units is compatible with the surrounding urban context, where residential and commercial developments of similar scale are prevalent. Given the site's proximity to public transport links, shops, and local amenities, the proposed density is sustainable and aligns with the objectives of national and local policies that encourage higher densities in urban areas to reduce the need for outward expansion." A heritage statement on the Victoria Buildings, constructed in the late 19th century, describes it as 'a prominent example of Victorian commercial architecture in Bury'. It adds: "Each studio apartment has been designed to meet national space standards." "The development will make efficient use of the existing building, contributing positively to the local housing stock without negatively impacting the character or amenity of the surrounding area."

read more